Chapter XIII
Signaling
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About this chapter
When words alone can't convey information. Costly signals, Spence's job market, separating and pooling equilibria, and signaling in nature and culture.
What you will learn
- Tell cheap talk from costly signals.
- Apply Spence's job-market model.
- Distinguish separating from pooling equilibria.
- Recognize signaling in nature, culture, and markets.
Lessons
1.Why words aren't enough🔒
2.Costly signals🔒
3.Education as a signal🔒
4.Separating vs pooling🔒
5.Signaling in the wild🔒